City of Huntington Beach City Treasurers Report Quarter ending: - PowerPoint PPT Presentation

City of Huntington Beach City Treasurer’s Report Quarter ending: December 31, 2015 Alisa Cutchen, CCMT, CPFIM City Treasurer

Economic and Market Overview Oct – Dec 2015:  Federal Reserve raised interest rates 25bps  2-year Treasury up from 0.64% to 1.06%  Equity Markets flat for year  Dec. Unemployment Rate: 5.01%  Dec. Labor Participation Rate: 62.6%

Portf tfolio olio Ov Over ervi view w 12/3 /31/ 1/15: 5: $ in millions: Investment Type Market Value Book Value % of Portfolio Policy Limit Federal Agency Issues $140.6 $141.1 68% None Local Agency Investment Fund (LAIF) 25.4 25.4 12% $50 million Corporate Bonds 40.4 40.7 20% 30% Total Portfolio $206.4 $207.2 100%

Portfolio Overview 12/31/15:  Book Value by Maturity:

Portfolio Overview 12/31/15:  Portfolio Composition: Corporate Bonds 20% Federal Agencies 68% LAIF 12%

Portfolio Overview 12/31/15:  Federal Agency Holdings:  Federal Home Loan Bank  Federal National Mortgage Association (Fannie Mae)  Federal Farm Credit Bank  Federal Home Loan Mortgage Corp. (Freddie Mac)

Portfolio Overview 12/31/15:  Federal Agency Structure Composition:

Portfolio Overview 12/31/15:  Select Corporate Bond Issuers:  Apple Inc.  Caterpillar Financial Corp.  GE Capital Corp.  Coca Cola Co.  Merck & Co Inc.  Oracle Corp.  Toyota Motor Credit

Portf tfolio olio Ea Earn rnings: ings: Quarter ending 12/31/15: Fiscal YTD Month Ending 12/31/15 2015/16 Total Earnings: $ 170,245 $ 499,734 Current Year Current Budget $ 110,000 $ 330,000 $ 140,610 $ 413,850 Last Year Actual 1.07% 1.09% Effective Rate of Return versus benchmark: 0.64%

Conclu clusion: sion:  City Portfolio remains within compliance with all governmental regulations and the City’s Investment Policy  No losses

QU QUES ESTI TIONS? ONS? Thank you